SPH (weekly) long opportunity after analyzing 2021 financial reports of SPH with Pitroscki and compare it's performance with last years performance and considering the weekly consolidation and good volume rise if consolidation box is broken by a candle this can be a potential entry point, after entry trade should be manage using Darvas box
SPH trade ideas
Suburban Propane Partners Gaslighting. SPH Immediate targets 14, 13.94, 13.39.
Invalidation at 17.59 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Suburban Propane Partners gone with all the gas. SPHJust one goal for this one again.
Immediate targets 13.94. Invalidation at 17.59
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
SUBURBAN PROPANE PARTNERS L.P (SPH) 4-HOUR CHART SHORTThe share price for this stock has been moving in a downtrend, as evidenced by the descending trendline. Prices have already rejected the 22.95 price level, and I expect price to tumble down to the zone represented by prices between the 21.90 and 21.50 level. This stock has been in a downtrend since it hit all-time highs of 58.90, around 26 January 2011. The relative strength indicator and the stochastic oscillator are both overbought and are moving down. This is extra confirmation for short positions.